Wayfair Inc. (NYSE: W): Can A Stock That’s Down -66.08% YTD Still Be Considered In Loss Territory? – Marketing Sentinel
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Wayfair Inc. (NYSE: W): Can A Stock That’s Down -66.08% YTD Still Be Considered In Loss Territory?

During the last session, Wayfair Inc. (NYSE:W)’s traded shares were 5.53 million, with the beta value of the company hitting 2.92. At the end of the trading day, the stock’s price was $64.44, reflecting an intraday gain of 12.17% or $6.99. The 52-week high for the W share is $317.45, that puts it down -392.63 from that peak though still a striking 32.79% gain since the share price plummeted to a 52-week low of $43.31. The company’s market capitalization is $6.28B, and the average intraday trading volume over the past 10 days was 3.15 million shares, and the average trade volume was 4.03 million shares over the past three months.

Wayfair Inc. (W) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.80. W has a Sell rating from 6 analyst(s) out of 32 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 3 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$1.89.

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Wayfair Inc. (NYSE:W) trade information

Wayfair Inc. (W) registered a 12.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.17% in intraday trading to $64.44 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 29.03%, and it has moved by 20.04% in 30 days. Based on these gigs, the overall price performance for the year is -74.17%. The short interest in Wayfair Inc. (NYSE:W) is 22.63 million shares and it means that shorts have 6.56 day(s) to cover.

The consensus price target of analysts on Wall Street is $70.19, which implies an increase of 8.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40.00 and $195.00 respectively. As a result, W is trading at a discount of -202.61% off the target high and 37.93% off the low.

Wayfair Inc. (W) estimates and forecasts

Statistics show that Wayfair Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Wayfair Inc. (W) shares have gone down -60.36% during the last six months, with a year-to-date growth rate less than the industry average at -400.43% against -8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -200.00% this quarter and then drop -1,264.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.19 billion as predicted by 26 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to $3.14 billion by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.20%. While earnings are projected to return -167.60% in 2022.

W Dividends

Wayfair Inc. is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Wayfair Inc. (NYSE:W)’s Major holders

Wayfair Inc. insiders own 5.91% of total outstanding shares while institutional holders control 114.33%, with the float percentage being 121.51%. FMR, LLC is the largest shareholder of the company, while 563 institutions own stock in it. As of Mar 30, 2022, the company held over 11.88 million shares (or 14.94% of all shares), a total value of $1.32 billion in shares.

The next largest institutional holding, with 9.21 million shares, is of Baillie Gifford and Company’s that is approximately 11.57% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.02 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Wayfair Inc. (W) shares are Growth Fund Of America Inc and Fidelity Growth Company Fund. Data provided on Jun 29, 2022 indicates that Growth Fund Of America Inc owns about 4.52 million shares. This amounts to just over 5.69 percent of the company’s overall shares, with a $197.07 million market value. The same data shows that the other fund manager holds slightly less at 3.51 million, or about 4.41% of the stock, which is worth about $208.26 million.

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